ITM Power’s Share Price Increases – What Could This Spell for the Wider Economy?
As ITM Power saw shares elevate after hiking full-year guidance for revenue and cash generation, what could this mean for the green hydrogen giant and the wider economy?
Sharing new revenue forecasts, ITM Power now expects to generate between £25.5m and £26.5m, a dramatic 30 percent rise compared to its original £18m – £22m range.
Additionally, cash generation has been hiked to around £200m compared to previous expectations of around £170m.
Rocketing by around 20 per cent – due to early deals as investors eye the green tech offering by ITM – the good news papers over the four years predating today.
ITM Power’s Bounce Back Should Encourage the Wider Economy
The challenging 4 years saw stock drop by 95 per cent; so this increase is welcomed news for not just the firm, but the wider hydrogen economy.
“ITM is continuing to achieve a strong revenue performance while tightly managing costs and capital expenditures,” Chief Executive Dennis Schulz said in a statement.
“Our strong balance sheet is an important differentiator in the competitive landscape, and our contract backlog and sales pipeline have continued to grow.”
We remain well-positioned as customer FIDs accelerate through FY26.
Hydrogen Not Solely Responsible – But Impossible to Deny Impact
Naturally, hydrogen isn’t the only thing in ITM Power’s extensive portfolio, but it goes without saying that its wins in the hydrogen sector are a contributing factor to its share rise.
To remind, back in January 2025, ITM shared its development contract to design a 10 MW green hydrogen production plant, deployed across several UK projects.
The design will, reportedly, combine two of ITM’s NEPTUNE V plug-and-play 5 MW containerized electrolyser systems.
With self-pressuring 30-bar TRIDENT stacks, NEPTUNE V is said to be “cost-competitive and reliable.”
At the time, Dennis Schulz explained: “This agreement with yet another large-scale European energy company further cements NEPTUNE V as the clear leader in its class. The 10MW configuration will allow our customer to deploy projects rapidly across the UK.”
Additionally, another contract was signed in March this year, declaring engineering work for an 8 MW elctrolyser contract at the Tees green hydrogen project by EDF.
So, in a relative lull period for positive hydrogen news, share price increases are vastly welcomed across the board and could be a sign of some form of stability in the sector, specifically in the hydrogen production sphere.
